The Nash Equilibrium is a fundamental concept in game theory, named after mathematician John Nash. It represents a stable state in a strategic interaction where no player has anything to gain by changing only their own strategy, assuming the other players keep their strategies unchanged.
In a game with two or more players, a Nash Equilibrium occurs when (i) each player's strategy is the best response to the strategies of the other players; (ii) no player can improve their payoff by unilaterally deviating from their strategy. Read more this subject decode and encode on www.decoding.market